So, Ryan S. Adams, the host of Bankless (which sounds like a podcast for people who forgot their wallets), has thrown a wild prediction into the crypto-sphere: Ethereum (ETH) could hit a staggering $740,000! Yes, you heard that right. That’s not a typo; that’s a “hold my drink” moment. 🍹
Adams is comparing Ethereum to oil, dubbing it ‘Digital Oil.’ Because, you know, when I think of oil, I definitely think of a cryptocurrency that can’t even get my coffee order right. ☕️ He’s claiming that ETH could have a market cap of $89 trillion. That’s trillion with a “T,” folks. I can barely keep track of my Netflix subscriptions, let alone a trillion-dollar market cap!
In his post on X (formerly Twitter, because rebranding is the new black), he shared a fancy infographic that got everyone buzzing like a bee on a caffeine high. 🐝💥
Let me give you the real comps for store of value reserve assets like ETH.
Oil – $85T
Gold – $22T
Bonds – $141T
GDP – $106T
M2 – $93TTake the average.
ETH – $89T
$740k per ETH is the long-term potential.
Simple math.
— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) June 12, 2025
So, according to Adams, if you take the average of all these assets, you get $89 trillion. And then, by some magical math that I’m sure involves a lot of wishful thinking, you get $740,000 per ETH. It’s like saying if I average my bank account balance with my student loans, I’m a millionaire! 💸
But not everyone is sipping the Ethereum Kool-Aid. Ryan Connor from BlockWorks pointed out that GDP isn’t a tradable asset. So, you know, that’s a bit of a hiccup in the whole “let’s average everything” plan. Critics are rolling their eyes so hard they might just see their brains. 🤦♀️
On the flip side, Simon from MoonRock Capital is all in on the ‘Digital Oil’ hype. He’s practically throwing confetti at the thought of Ethereum hitting $740K. “I love seeing the Ethereum Foundation shifting from idealism to capitalism,” he said, which is like saying, “I love watching my favorite band sell out!” 🎉
Ethereum is digital oil and it’s going to $740K per $ETH.
I love seeing the Ethereum Foundation shifting from idealism to capitalism, and it’s great to see @Etherealize_io actively driving the narrative.
From self-sabotaging idealists to full-on shillers selling the vision to…
— Simon (@sjdedic) June 12, 2025
Despite the skeptics, Adams is riding high on a bullish wave for Ethereum. Ark Invest even predicted ETH could reach $180,000 by 2030. That’s ambitious, but hey, so is my dream of becoming a professional napper. 😴
With over $65 billion locked in DeFi, Ethereum is trying to prove it’s not just a pretty face in the crypto world. But let’s be real, the $740,000 figure is more speculative than my last Tinder date. Swipe left on that one! 💔
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2025-06-12 22:29